Wednesday, May 27, 2009

Brokers Recommendations - 27th May 2009

Buy JP Hydro with a target of Rs 120 in 3-4 months, says Rakesh Bhansal of SMC Global, on CNBC Awaaz. The stock is currently trading at Rs 67, up 7.04% on the BSE.

Hold Bharat Bijlee with a target of Rs 950 where one can exit and stop loss of Rs 840, says Rakesh Bhansal of SMC Global, on CNBC Awaaz. The stock is currently trading at Rs 920, up 6.8% on the BSE.

This is a dream market for traders who can buy on dips and sell on any sharp rally, says Sudarshan Sukhani, technical analyst, on CNBC TV18. This is a momentum market and it looks good to go to 4500 on Nifty, he feels. Buy on dips but don't make it long term, he adds.

Positive global cues help our market trade strong and look very good. Sensex is trading at 14087, up 498 points and Nifty is at 4264, up 148 points from the previous close. CNX Midcap index is up 3.01% and BSE Smallcap index is up 3.17%. The market breadth is positive with advances at 1056 against declines of 207 on the NSE.

In the power space, buy NTPC, Power Grid, REC International, ABB and Siemens for long-term gains, says Salil Sharma of Kapoor & Sharma Company on Zee Business.

Buy DLF with a target of Rs 378-390 and stop loss of Rs 348, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 363, up 7.8% on the BSE.

Hold Elecon Engineering with a target of Rs 81-89 and stop loss of Rs 67, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 80, up 9.9% on the BSE.

Buy Idea Cellular with a target of Rs 84-90 and stop loss of Rs 69, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 79, up 13.6% on the BSE.

Hold Praj Industries with a target of Rs 125 in four months, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 103, up 1.7% on the BSE.

Buy IOC with a target of Rs 595-615 and stop loss of Rs 548, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 573, up 1.6% on the BSE.

Hold PTC with a target of Rs 110 in four months where one can exit and keep a stop loss of Rs 78, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 87, up 1.9% on the BSE.

The market is looking good and trading firm. Sensex is trading at 13952, up 363 points and Nifty is at 4218, up 101 points from the previous close. CNX Midcap index is up 2.48% and BSE Smallcap index is up 2.61%. The market breadth is positive with advances at 1068 against declines of 198 on the NSE.

Buy Alok Industries with a target of Rs 28-34 and stop loss of Rs 19, says Husseini Wadharia of Techno Shares, on CNBC Awaaz. The stock is currently trading at Rs 23, up 9.6% on the BSE.

Hold DCB with a target of Rs 51 where one can exit and keep a stop loss of Rs 37, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 40, up 3.6% on the BSE.

Buy Info Edge with a target of Rs 800-825 where one can book partial profits and keep a stop loss of Rs 620, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 675, up 0.01% on the BSE.

Buy GTL Infra with a target of Rs 46-55 and keep a stop loss of Rs 37, says Salil Sharma of Kapoor & Sharma Company on Zee Business. The stock is currently trading at Rs 41, up 1.09% on the BSE.

Simplex Projects bags two orders worth Rs 206 crore and their total order book stands at Rs 3000 crore, reports NDTV Profit. The stock is currently trading at Rs 91, up 4.99% on the BSE.

Hold RNRL with targets of Rs 90 and then 110, says MB Singh, technical analyst, on Zee Business. The stock is currently trading at Rs 80.20, up 3.8% on the BSE.

Go short on L&T with targets of Rs 1250 and then 1210, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of Rs 1310, he adds. The stock is currently trading at Rs 1302, up 3.8% on the BSE.

Buy Balrampur Chini at Rs 80-81, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 83.25, down 2.4% on the BSE.

Book profits in Suzlon Energy and buy again on dips at Rs 72-65, says Ashu Kakkar, technical analyst, on NDTV Profit. The stock is currently trading at Rs 90.15, up 4% on the BSE.

Buy Vijaya Bank at Rs 32 with target of Rs 45, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 37.50, up 2.7% on the BSE.

I expect the markets to be range-bound in absence of any fresh triggers in the short-term, says Devesh Kumar of Centrum Broking on CNBC TV18. Investors should not expect too much from the budget as it may turn out to be a populist one, he adds.

Hold Tata Motors with stop loss of Rs 300, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 350 crossing which it can go to Rs 400 at which levels book profit, he adds. The stock is currently trading at Rs 340.35, up 4.6% on the BSE.

Go short on the Nifty with target of 4100-4075 in 2-3 trading sessions, says Ashu Kakkar, technical analyst, on NDTV Profit. Keep stop loss of 4255, he adds.

Buy Sesa Goa at Rs 150-160, says Mehraboon Irani of Centrum Broking on CNBC Awaaz. The stock is currently trading at Rs 163.35, up 5.6% on the BSE.

Buy Alok Industries on dips at Rs 18.50-19, says Ashwani Gujral, technical analyst, on CNBC TV18. Keep target of Rs 25-26, he adds. The stock is currently trading at Rs 22.95, up 7.5% on the BSE.

Hold ICICI Bank with target of Rs 850, says Prakash Gaba, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 696.70, up 4.5% on the BSE.

Will return to consolidation of fiscal stance in 2-3 years, says Pranab Mukherjee, Indian Finance Minister, reports NDTV Profit. We will address long-pending measures for financial sector and meet banks on benign plan of action, interest rates, he adds. He says that the mandate of the people has provided booster dose to the government.

Buy Sterlite Industries on dips with medium-term target of Rs 690-725, says Rajat Bose, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 582, up 7.8% on the BSE.

We will produce the budget within 45 days, in the first week of July, says Pranab Mukherjee, Indian Finance Minister, in his first press conference after taking over as FM in the new Government, reports NDTV Profit. We will try to complete the budget process by July 31, he adds. The top-most priority is to revive growth momentum, he says.

Buy Unitech on dips with stop loss of Rs 68, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 75.50, up 3.7% on the BSE.

Hold GMR Infra with target of Rs 210, says Nitin Murarka of SMC Global on Zee Business. Keep stop loss of Rs 140, he adds. The stock is currently trading at Rs 163.20, up 3.7% on the BSE.

Buy DLF at Rs 315-320 with target of Rs 375-380, says Ashwani Gujral, technical analyst, on CNBC TV. The stock is currently trading at Rs 357.60, up 6.1% on the BSE.

Hold AIA Engineering with stop loss of Rs 200, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 235 crossing which it can go to Rs 250 at which levels book profit, he adds. The stock is currently trading at Rs 224.80, up 4.7% on the BSE.

Buy DLF with target of Rs 395-400, says Salil Sharma, technical analyst, on CNBC Awaaz. Keep stop loss of Rs 320, he adds. The stock is currently trading at Rs 355.50, up 5.5% on the BSE.

Buy Bombay Dyeing on dips at Rs 230-235, says Ashwani Gujral, technical analyst, on CNBC TV18. It has resistance at Rs 355, he adds. The stock is currently trading at Rs 313, up 7.9% on the BSE

Buy NTPC with targets of Rs 215 and then 230, says Salil Sharma, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 201.70, up 0.2% on the BSE.

Hold Aban Offshore with stop loss of Rs 800, says Nitin Murarka of SMC Global on Zee Business. It has resistance at Rs 900 crossing which it can go to Rs 1050 at which levels book profit, he adds. The stock is currently trading at Rs 881, up 3.2% on the BSE.

Buy Dish TV with stop loss of Rs 42, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 47.30, up 3.7% on the BSE.

Buy Neyveli Lignite with intra-day target of Rs 140, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 128, he adds. The stock is currently trading at Rs 135, up 3.1% on the BSE.

Buy Hindalco with intra-day target of Rs 84-87, says Rajat Bose, technical analyst, on CNBC Awaaz. Medium-term target is Rs 115-120, he adds. The stock is currently trading at Rs 83.50, up 4.5% on the BSE.

Buy Escorts with intra-day target of Rs 65, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 55, he adds. The stock is currently trading at Rs 61.80, up 5.3% on the BSE.

Buy Uttam Galva with intra-day target of Rs 47, says Anil Singhvi, market expert, on CNBC Awaaz. Keep stop loss of Rs 41.50, he adds. The stock is currently trading at Rs 45.65, up 5.4% on the BSE.

Buy Infosys at Rs 1548 with target of Rs 1570, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 1530, she adds. The stock is at Rs 1543.20, up 2.3% on the BSE.

Buy Bharti Airtel at Rs 771 with target of Rs 797, says Simi Bhaumik, technical analyst, on Zee Business. Keep stop loss of Rs 760, she adds. The stock is at Rs 770.40, down 5.1% on the BSE.

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